What are the other advantages provided by the new and flexible Act on BVs?

Another main benefit, that might prove to be even more significant than the previous one, is the flexible procedure for issue of shares. Now voting and distribution of rights related to profit are optional.

Therefore the private LLC can manage more efficiently its Shareholders’ interests and general social objectives. Shares can be separated into classes, depending on the rights and the level of the Shareholders.

In addition, the BV Act allows the denomination of shares in currencies different from the Euro, which was restricted under the prior regulations. Other important characteristics of the new legislation are highlighted below.